Argentina:Recent Economic Developments

Author: International Monetary Fund

Recent Economic Developments

Volume/Issue: Volume 1995 Issue 110

Publication date: December 1995

ISBN: 9781451801255

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , International - Economics , IMF data , automobile production , capital goods , legal reserve , cost of capital , Boldings of SDR , Imports , Privatization , Tariffs , Loans , Europe

Also of interest

Grenada

Peru

Nepal

Peru

Summary

This paper describes economic developments in Argentina during the 1990s. Since the implementation of the Convertibility Plan in early 1991, real GDP grew by more than 7 percent a year (or by a cumulative 35 percent over the years 1991–94), after stagnating for more than a decade. At the same time, consumer price inflation, which had peaked at 3,000 percent in 1989, declined to 4 percent (average) in 1994. Gross fixed investment recovered to nearly 20 percent of GDP by 1994, reflecting a real growth rate of 22 percent a year during the period.